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Updated RecentlyLocos Grill & Pub vs Bagger Daves Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Locos Grill & Pub vs Bagger Daves including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $575,400 - $1,960,000 | N/A |
| Franchise Fee | $35,000 | N/A |
| Royalty Fee | 4% | - |
| Advertising Fee | - | - |
| Year Founded | 1988 | - |
| Year Franchised | 1997 | - |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Although new to franchising, Bagger Dave's has seen a high level of interest in franchising the concept. To measure a candidate's qualifications, we have established both net worth and liquid asset are a minimum of $300,000 per store and a net worth per store of $1,200,000. We also require that no more than 80% of the start-up costs be leveraged; 20% of any single stores start-up costs must be in liquid assets. |
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Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Each franchise restaurant location must at all times have a full-time, qualified, experienced General Manager (GM). The GM must have direct experience in unit-level management within the restaurant industry. Each franchise group must also have a person with multi-unit restaurant management experience. If you do not personally have this background and experience, you will be required to have what we call an "Operating Partner." Your Operating Partner will be responsible for operations of your franchised restaurant network. It is your responsibility to secure an Operating Partner if you do not have the substantive experience required |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Locos Grill & Pub
A lot of us grow up dreaming maybe we could own our own business one day. And a lot of us think about how fun it could be if that business was a restaurant. What keeps us from executing that dream? Money?
Not knowing where to start? Not understanding what to do first, last and everything in between?
Stop dreaming and take action! Become an owner/operator of Locos Grill & Pub.
We will walk you through the entire process from site selection to design hiring and training a staff and be right beside you when you open and get comfortable being your own boss!
With 33 years of experience, why would you go anywhere else?We LOVE what we do and invite you to be a part of the hospitality industry that is the backbone of country
About Bagger Daves
Bagger Dave's Franchising Corporation has: *More than 50 years combined experience in restaurant management and operations *Proven track record of aggressively developing multi-unit restaurant systems *Infrastructure in place for the development of the brand and to support the franchisee community *Commitment to guest service, food quality, communication, and support We're looking for experienced restaurant operators to grow the Bagger Dave's burger franchise concept.